Exchequer Bills and Bonds Act, 1866

Mode of preparing Exchequer bills.

3. All Exchequer bills which shall be made out and issued under the authority of any Act or Acts of Parliament shall be prepared and made out at the Bank of England, in such method and form, with coupons for the interest becoming due from time to time thereon for any term not exceeding five years from the date thereof, and under such regulations, as the Treasury shall think most safe and convenient; and it shall be lawful for the Treasury from time to time, by warrant under their hands, countersigned by the Comptroller and Auditor General, to cause or direct such Exchequer bills to be prepared and made out, either of one common sum, or different sums, for the principal moneys therein contained, and to be respectively numbered arithmetically;: Provided always, that all acts relating to Exchequer bills directed by this Act to be done by the Comptroller and Auditor General shall, in the event of his illness or absence from his office, be done by the Assistant Comptroller and Auditor